“The results of the first nine months of 2024 reaffirmed Intesa Sanpaolo’s position as a European leader” stated CEO Carlo Messina, reminding that Intesa Sanpaolo’s market value now places it alongside BNP Paribas and Santander, despite these banks having considerably larger balance sheets.
“For 2024, we expect net income to exceed €8.5 billion. The net income target for 2025 has been raised to around €9 billion” underlined the CEO, “reflecting the substantial organic growth potential of our bank”.
Among the main strengths recalled by CEO Messina:
- high profitability
- sustainable results
- solid capital
- low risk profile
enabling the bank to play a unique role in supporting Italy’s real economy and social landscape.
Moreover, the CEO reminded that in the first nine months of 2024 Intesa Sanpaolo extended over €30 billion in medium- and long-term loans to Italian households and businesses, and its employees in Italy received more than €4 billion in compensation.
With dividends already accrued amounting to €5 billion as of September 30, 2024 - and 40% of this total going to Italian families and shareholder foundations - Intesa Sanpaolo’s tax contribution in this period stands at €4.6 billion, an increase of €700 million compared to the first nine months of 2023.
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